Catalyst wrote:
That is the main reason people go IO and put excess funds into an offset account. If you then take it out all of the loan is still deductible.

What do you mean by when you take it all out it is still deductible? How?

Hi KirstyL,At some stage I was looking at small apartment for investment both e.t.c. "student accom" & hotel investment. But I find when I walk into a bank they usually will not offer a loan if the apartment is less than 50sq & I hope you're not looking at student aprt because the banks are not very favourable towards them, they see this kind of…[Read more]

Hi popelich there have been some discussion about this topic in the forum and i remember someone mentioned in terms of substainbility and location emerald would be a better option. Of course there are other factors to consider when buying in either blackwater or emerald maybe the other forum members can fill you in.

Hi Ryallsy, I'm in a similar situation so I thought I'll share some knowledge here. The difference of using equity from your existing PPOR for your IP deposit is that you it will be tax deductible, happy days during tax return. Saying that just to bear in mind usually bank only allow you to pull out equity for your current property valuation less…[Read more]

Hi Rob, wow 10 years is a long time, I have not gone ahead with the funiture package as I concluded the price was not the best from everyone's opinion.

I was too happy telling everyone about this in office and someone said you'll be lucky enough if the banks hold onto their current rates and not increase them despite what rba rates are, lol.

SMY7484 wrote:
EddyLess than 12 months ago, another developer in another estate was offering $12,500 for full furniture package for 2+1+1 villa in Emerald.Of course the quality and the inclusion might be difference from one to another, but doubt that inflation has pushed the furniture price up to roof within 12 months.Cheers.

There is about 5k…[Read more]

thanks for the input too verity01, and yup, once the IP is almost ready for rent, I will source out a reputable PM in that area and ask them whether if I should go furnish or unfurnish.

Thanks for the input guys, cheers.

Ok thanks i’ll google some online stamp duty calculator and have a go at them.

I see so except for vic all all other states uses full purchase price as the figure to calculate stamp duty on OTP regardless of current valuation?

Yea give Richard a try they're at Kenmore QLD not far from Brissy CBD, he's helping me with an IP purchase in Qld at the moment and have been a great help with his knowledge and quick responses.

Jamie M wrote:
Hi Ozlat – I think I mentioned James from House of Wealth as a good accountant in a previous thread. He's a specialist in IP related stuff and is in Melbourne. Cheers Jamie

Meet James once, seems like a nice guy and he had some IP himself so he knows what he's talking about. Give him a call or drop him an email.

thanks another good tip from ya.

ok I think I am going to pass on the funiture package now and think about it when the property is closer to a rentable date and also from what Michael suggested I could possibly be able to get away with furnishing just the required items for the tenants and save myself some money.thanks for all the invaluable comments guys.

wow you've done really well for a 4/2/2 with $8k, are you able to get decent enough funitures for this amount? No offends just taking some notes here.

Checking out with another local agent waiting to see what he says.Just spoke to a design and funiture package company up in qld and they reckon to get something decent 15k to 20k would be around that mark. The difference is I suppose is that I can have more say in what funiture I want to put it and discuss with the designer but you can't do that…[Read more]

JacM,Well the 18k includes all funitures in these areas, Lounge, Dining, the 2 Bedrooms, electrical stuff like tv, fridge, outdoor, kitchen & some cleaning tools, can't really comment on the quality but from the photos they looked decent.Richard,Just spoke to the agent and apparently the developer might be able to include this as part of the…[Read more]

You'll know soon enough at the end of the month

Agreed, nowadays it getting harder for first home buyers to get their first property, maybe the other states will do something similar too to help the next generation.